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be off the on markets like india in particularly actually. >> mark, this is christine again. one story we're focusing on, china's wealth fund, cic to buy u.s. mortgages. what does it say about the chinese appetite for u.s. trishes, and is this an ideal investment for the chinese? >> gee, i didn't see that news headline. i would say $2 billion isn't a lot of money for china. it's a lot of money for the rest of us but not for china. the chinese have been very explicit they want to take advantage of the weak prices globally to make acquisitions. they've been trying to make acquisitions in resources around the world. i don't read anything huge into it. sorry, christine, not one way or the other. >> thanks for joining and sharing your thoughts with us. mark matthews and aaron snipe. >>> banker bonuses under attack from all sides in the u.k. chancellor alstair darling told the sunday times he will change the law to ensure compensation is not paid to employees whose actions put banks at risks. the comments come with reports from bar clays is offering a massive package for several employees being
this year. dell hopes china and india will drive revenue growth next year. it looks like we are up big on those earnings reports. good news there. dell enjoying nearly 8.5% higher. hank greenberg tells cnbc that there's no truth that he's leading a grew buyback for aig. aig rose 26% on tuesday on reports of reaching out to determine how to run the company. well, you can get more news, videos and blogs online at ross. >> still to come on today's program, as well, deflation unemployment hit record highs in japan. we'll assess the likelihood of the land slide victory and what it means to investors. the u.s. economy that long 1% in the second quarter, unchanged from our initial estimates. from post party sickness syndrome? there's a revolutionary cure. it's called cascade all-in-one actionpacs. and it's like adding the ultimate button to your dishwasher. because it has the power to pre-wash... dissolve... and rinse the whole mess away. so in the morning your dishes will feel like new again. and so will you. cascade complete all-in-one actionpacs. >>> okay. we've got the global up
in india, as well. india will be an economy we will take far greater notice of as the years go by. i agree totally in the decoupling. we are continuing to see that shift in economic power from west to east. we have too just to it. you have to adjust to it. far more severely than we do. it isn't something that is going to go away. but it cannot done and we will do it. but whether it will be deflationary or not, i'm not quite sure. >> meanwhile, howard, if i can just change tax slide, a large part of the rally in europe has been from financials. but we heard from rbs today who added realism. >> yes, they did. it has been an amazing week. yes, we were very glad the it's all over. what a week for banks. the good, the bad and the ugly. well, if the ugly is royal bank of scotland today, then we can actually live through it. but you know, the bottom line is that there's still a massive write-off here. banks are not performing in the way, the manner which they need to. there's a lot of clearing of decks to do and there's a lot of change of strategy still to come. but well done to those like hsbc a
china is about 30%. if you look at 40 years down the line, china and india will be above that. so you have an enormous structure taking place and, therefore, a strong engine of growth. clearly, if the u.s. consumer was going to collapse again, i don't think the chinese, indian, brazilian consumer would be able to compensate. but if we have a stabilization, as i believe we will have in the western economies, i think that the marginal call is going to be on the emerging economies and i think that's the engine of growth. >> manford, what do you think? to believe what virginie said makes you think asia can decouple with what's going on in the rest of the world. >> i have to agree with her to a larger extent. the asian consumer is becoming more important. but the absolute numbers don't show it. it shows an increasingly large consumer. but we need the situation where the u.s. consumer does recover to at least a moderate extent. i don't think complete decoupling is a possibility. >> mamprett gill, thank you, thank you, virginie, as well. >> thank you. >>> west lb is refusing to comment on su
talking you with you. thank you very much. let's head out to india right now. mumbai for the latest on the india bit report. ayesha faridi joins us. hello, eayesha. >> thanks for that, christine. after a very tough day, more action seen for the broader market. while the sensex is a shade odd in the green, the crucial point, i think, is that is standing above that 4,700 mark. and it's the broader markets which have seen more. meantime, of course, a lot of things are really playing up. banking is one such bank. this led to the kind of recovery that we have seen today. so a couple of these counters and not just the heavyweight counters, development credit bank amongst the midcap banks had been showing you gains of about 5 odd percent. you've got axis bank is holding up by about 1.5%. icici bank, over a 3% move. l&t is doing out quite well. in the meantime, we have got a couple of news reports, still unconfirmed, that india plans to sue the euro union at the world trade organization at the wto for allowing big pharmaceutical companies to detain engine nettic drugs in transit to developi
billiton, marius kloppers. that's at 8:40 eastern. let's turn now to india. ayesha faridi joins us live from mumbai from the india business report. ayesha. >> thanks for that, christine. it's a bad wednesday for the indian economic markets. it's sliced through 4,600, 4,500 and has even broken the 4,400 market in trade today. it's recovered from the low point of the day. just about half an hour can ba, we were seeing 2% cuts for the sensex and the nifty. the bodder markets reeling under pressure there, as well. in fact, most technical analysts do believe that 43.50 thereabouts is now the next resistance thorn for the market. the big losers in trade are the entire technologies space. you've got realty which is facing a lot of pressure in trade today. so these are the two weak pockets. besides that, a whole hoeft of these heavyweight counters have also been weak. but economic data has been very positive. we have market expectations about 7.8% across the board growth, but currently, the market is more worried about the global weakness that we are seeing. with that, it's back to you. >> ayes
on india? we have the economy growing 6.1% in the june quarter. how sustainable is it once this sort of stimulus kind of wears off? >> well, it seems that, you know, all those countries that have been hit much harder than the u.s. itself, the u.s. was the epicenter of the crisis, but all the asia countries have been hit much harder and have fallen down further. so they rebound also in a stronger fashion. i think this is just a rebound of, you know, looking like more recovery potential. but i think, you know, as the u.s. is also picking up speed now in the third quarter. we should be quite a sustainable recovery across asia. >> yeah. we also have in japan, of course, a new government in place. we also have mixed data coming out, japan today. we have industrial output better than expected growing 1.9% in july, but retail sales also falling in july, as well. how do you think all of this is going to weigh on the bank of japan? >> well, we think that the bank of japan is going to keep the monetary policy for a considerable period of time. but certainly what we are now seeing is at least i
choir talking to us live from long congress. >>> from talking about china, let's talk about india. ayesha faridi joins us live from india for the indian bit report. >> thanks for that, christine. the markets have picked up. 4,500 is back for the nifty. similar is the case for the sensex, as well. so you do have those pockets which actually give up their gains in yesterday's trade. for example, the entire auto basket is holing up strongly. tata motors is notching a 6.5% gain and you have the entire sugar pack on the kind of prices forming up. the entire sugar sector is picking up very, very much. we are picking up reports that the government has indeed chosen strife arkalap to be the generic formulation of tamiflu. they haven't got an official word from the government in terms of the kind of orders that they may actually bag and what sort of price appreciation or rather margin bump up it may lead to, but the stock itself is holding up very, very strongly in trade. meantime, 161 strains have been confirmed. with that, it's back to you. >> ayesha, thank you very much. in asia, yanzhou coal has agre
figures. outlook for the emerging markets, especially for india, that was very reassuring to investors. but holcim says it doesn't see a recovery before next year. are a part from that, we're watching ubs after the swiss government says said it will sell its ruffle 9% stake in the market until august. that will probably be somewhere around 70 so it will leave the swiss government with a nice profit here. overall, analysts are a bit more bullish especially that we heard the u.s. sacks has been signed yesterday and two major obstacles for ubs are out of the way. before i let you go, let me mention the swiss access data, we saw a drop of 27% from july so a small improvement compared to june when we saw a drop of 28%. that is it from zurich. >> thank you very much, carolin. the volumes are very low today. the french mngt is bouncing back after a flat session yesterday. total, the largest french oil producer, is up 2.3%. oil services, they are doing well on the back of increasing oil prices yesterday. also in good shape today, almost % higher, the dugmaker is boosted by a decision in the u.
of inflation especially in areas such as india and china, if we start to see areas there, we'll see commodities sustained. i am against ru bin on this particular point.t. i think we will see a stronger move ahead. it's more inflation led. the cost of money being so low at the moment that's driving that price. if we start to see a tightening, then the commodity rally westbound able to be sustained. >> martin, always a pleasure speaking to you. xw >>> shares in barclays trading higher after a profit jumped 8% in the first half to just under $5 billion. the numbers were shy of forecast after impairment charges on corporate and consumer loans jumped 86%. the profit of the group's investment dropped from a year ago thanks to the acquisition of lehman brothers and commodity revenu revenues. speaking first, the president bob diamond, said the bank is getting conservative. >> it's getting easier and easier to see exactly how it's going to play out. we are expecting a difficult second half in the year in terms of provisioning. that's part of our plan. >> in china, more signs that the government is putti
for joining us. let's head over to india and join ayesha faridi live for the india business report. >> thanks for that, christine. standing or staring at that 1.5% gain for both the sensex and the nifty. might i add, it has come off from the top of the day. we're almost staring at a 100 point rally for the nifty just about a while ago. technology has been weak in trade today. watch out for counters. unitech amongst the real estate space, it's almost a tug of war space. reliance industries, which has an extremely high weighted in the index, that counter is flattened. but the rest of the market is looking good. telecom is definitely in focus. reliance communications now, we are expecting up from our sources that reliance communications is in talk for source based information up now. but that counter is holding up. more update coming in part and mtn, the deal is currently on and our sources indicate that the board will be meeting today. if it is conclusive, we can expect some agreement from the deal in the next ten days. the going has been good for that one. the metals space and the real estate
this market. and the sensex in india, only market trading on the up side right now, up 0.3%. overall, a weak picture here in terms of crude oil and nymex crude. down 21 cents. concerns about global demand weighing on this, nymex, $71.22 a barrel. brent is falling, as well, down 30 cents, $71.35 a barrel. mike, good to see you. how are the futures looking today? >> good afternoon, christine. good to see you, as well. and the futures at this point are looking like the dow is going to shoot for straight eight with seven consecutive days tying its longest win streak of the year. it looks like we could have a mixed open at least in about 5 1/2 hours time from now. moving on to the treasury market on the back of another relatively successful auction yesterday of two year notes and ahead of another auction today of seven year notes, we do see the bund yield creeping up at 3723%. yesterday, the price went up just a little bit on the benchmark ten year t-note and the yield came down and that trend is continuing, although it's basically unchanged with yesterday's close right now at 3.43%. and then mov
for that report. >> in india, ayesha faridi joins us live for the india business report. >> we participated in the global rally today. yesterday it clocked a new high for ourselves and the nifty clocked that or cruised past that 4,700 mark. today, the markets chose to consolidate. the biggest drav dragger is oil and gas heavyweight, which is why you're seeing the nifty break away and increase those values. tata motors is your biggest gainer for today, at almost 6.5% gains. there are also rumors in the market that they may get the loan guarantee approved for the government for bridge loan acquisition of land rover. besides that, most of the commodity stocks have been doing very well. you've got auto ancillary stocks looking very well. the monthly sales numbers that came out for auto stocks and infillry stocks are picking up in trade amid the mid and the small caps are holding up, as well. >>> elsewhere, we are looking at euro's biggest bank, hsbc, the company could soon be one of the first foreign companies to list in shanghai. reuters says it could raise up to $7.3 billion in a shanghai ipo
for the future. >> jean-marc boursier, thank you. thank you. >> in line with the rest of asia today, india is trading higher. we're joined now by ayesha faridi. thanks for that, maura. tale, it's been quite a choppy day. while it has struggled or tried not to hit the 4700 mark for the nifty, it isn't really being able to do that. it has made many attempts now for the trading session. all indices are in the green, but a big winner, indeed, or trade is indeed in force and the entire i.t. pack. clst is a brokerage which has been bearish on the entire i.t. space in india and is upgraded and it has upped the price target, as well. and they do also believe that they may beat fy '10 guidance and that is bringing volatility to the space, including in the midcap space. another stock in focus is united which is down by almost 2% in trade today. here is the news why. they have now called off stocks for diaggio sizing high evaluations and anti-trust issues as to why it was called off. it's a sentiment and a dampener with knee jerk reactions coming into it there. meantime, of course, we have a couple o
limited. >>> from china, let's switch gears and head to india. ayesha joins us for the business report. >> it's been a volatile monday. asia was holding up. started off on a positive note. within minutes of trade it slipped down. around the 4500 level. just marginally holding. that's the case for the broader markets as well. what's dragging the indises down is the monsoon worries, which still hasn't picked up in certain key regions of the company. you have a couple of monsoon sectors. big draggers today. unilever stocks one of the losers today. what's gaining on the flip side is the entire i.t. sector. they are maintaining a good 6% gain right now. of course, pharma is holding up pretty well. in the meant, talking about monsoon, the worries clearly continue. they have actually stayed down the long-term forecast to 80% from the previous 95%. that as the market is watching. meantime, the swine flu death toll has risen in the country. in fact, it's gone up to six, with two deaths reported this morning in all. so that, of course, is bringing a flurry of activity with the entire pharma pack
last week. this market is up 1.1% today. the hang seng up 1.7%. and the sensex in india up 2.4%. in terms of nymex and crude, it is up on recovery, hopes that demand could be picking up. crude at $73.80. down two cents. brent as well, down five cents, $74.13 a barrel. a little bit of a putback in terms of nymex and brent. let's cross live to tokyo and check in on the trading day from the nikkei. >> thanks, christine. tokyo stocks rebounded sharply monday. they closed 3.35% higher. verch investors were hearted by friday. the market jumped 8.4% while cannon gained 3.6%. hitting the year to date another. the nikkei reported that the firm stands a chance of pushing profit in the year ending next march instead of the projected 10% decline. >>> meanwhile, polls are projecting a landslide victory for the main opposition party. investors are even more concerned that dpj lawmakers have been calling for tighter regulations on the consumer finance industry. confirming the nikkei report, the second largest convenience store operator lawsan, and matsumotokiyoshi have announced they will f
on the india business report. >> following it up from asia, down by 50 points for the nifty right now. almost over 1%, though it's recovered from the low point of the day. we were staring down by about a 2%. you are seeing heavyweight selling, beat up markets are selling off and you are seeing institutional selling coming in. so reliance industries or in gc, both of these counters are giving off a lot by way of momentum. you have counters from the entire real estate space like unitech and glenn mark pharmaceuticals, that is one count which is in focus and trade today. here is perhaps the reason why. forest labs currently says they did not show positive results in the phase 2b trials pop so any jerk reaction coming in on opening bell. the counter was down about 18 odd percent. still continues to suffer, down about 14% on last count. some bit of recovery in ranbaxy, idn and a couple of other counters which have which has sold off a bit in the last week or so. with that, it's back to you. >> ayesha faridi, thank you very much. and it's back to becky now. >> the world is focusing on the economic
.8%. by the end of the day, the markets settled mostly lower. the hang seng just closing down inti 0.5%. the india sensex trading and for now in positive territory. nymex light sweet crude just off yesterday's high of 74. we're down by about 50 u.s. cents at $73.87. mike, let's take a look at how the futures are shaping up on this tuesday morning. good morning to you, mike. >> thanks, maura. good afternoon to you. and the price of oil was really a big reason why we saw the activity in the markets that we saw yesterday. as for this morning, it does not look like we're going to get much of a bernanke bounce here, as you can see. maybe the exact opposite could occur today of what happened yesterday when we had the dow ever so slightly higher and the nasdaq and the s&p 500 a tiny fraction lower. as equities relatively fell out of favor, we did see investors bid up the price of treasury notes. and this morning, we have the bund yield following even more. the yield on the benchmark ten-year t-note fell to .49% yesterday. and if we look at it now, it is ticking up just a little bit, but it's basically fl
Search Results 0 to 17 of about 18